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BAL Exercise 5-4 Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1. Common Stock 14. Accumulated Depreciation-Buildings.

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BAL Exercise 5-4 Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1. Common Stock 14. Accumulated Depreciation-Buildings. 2. Discount on Bonds Payable. 15. Restricted Cash for Plant Expansion 3. Treasury Stock (at cost), 16. Land Held for Future Plant Site 4. Notes Payable (short-term). 17. Allowance for Doubtful Accounts 5. Raw Materials, 18. Retained Earnings 6. Preferred Stock Investments (long-term). 19. Pald-in Capital in Excess of Par-Common Stock 7. Unearned Rent Revenue. 20. Unearned Subscriptions Revenue. 8. Work in Process 21. Receivables Officers (due in one year). 9. Copyrights. 22. Inventory (finished goods). 10. Buildings. 23. Accounts Receivable 11. Notes Receivable (short-term) 24. Bonds Payable (due in 4 years). 25. Noncontrolling Interest 13. Salaries and Wages Payable. Prepare a classified balance sheet in good form. (List Current Assets in order of liquidity. For Land, Treasury Stock, Notes Payable, Preferred Stock Investments, Notes Receivable, Receivables-officers, Inventory, Blonds Payable, and Restricted Cash, enter the account name only and do not provide descriptive information provided in the question.) Denis Savard Inc. Balance Sheet December 31, 20 Assets $XXX XXX $XXX XXX xxx XXX XXX xxx Liabilities and Stockholders' Equity CALC $XXX XXX XXX XXX $XXX $XXX (XXX) XXX XXX XXX XXX XXX XXX XXX (XXX) XXX XXX XXX XXX ht

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